Raoul Pal Previews the Future: AI, Crypto, QE and the next Phase of Human Flourishing or Upheaval
The Breakdown
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The Bitcoin Life Raft: A Parallel Financial System
The debt that is accumulated from the last 50 years dictates a huge amount of what we can and can't do. The dollar basically has a very similar impact in terms of restricting the band or sorry, excuse me, dollar denominated debt. And this was what, you know, seeing this rise in 2012 in Europe when almost all of the countries blew up. That's why I've always referred to it as the Bitcoin life raft or a parallel financial system. It'm actually not parallel. It's actually converging. And I think it converged in 2020.
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